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FULL CORPORATE OFFER Thursday, March *4, ***0 *1:*0:*9 AM Dear Customer, We wish to confirm with full corporate responsibility, that we are willing and able to transact and sell the commodities with the following specifications, terms and conditions. Sales and purchases will be based on international procedures. 1. Commodity: Iron Ore Fines of Indian Origin Vizag Port Grade: *3.5% Fe content with rejection below *2.5% Fe content. Price: US $ **8FOB basis. Quantity: *0, **0 MT. PBG: Seller will provide 2% PBG after buyer issues non-operative L/C. PBG will activate the L/C. Mode of Payment: Transferable L/C US $ LC **0% at sight FOB Basis. Usance LC are most preferred [optional] Delivery: First shipment ****0 days. 2. Commodity: Iron Ore Fines of Indian Origin Krishnapatanam Port. Grade: *3.5% Fe content with rejection below *2.5% Fe content. Price: US $ **5 FOB basis. Quantity: *0, **0 MT. PBG : Seller will provide 1% PBG after buyer issues non-operative L/C. PBG will activate the L/C. Mode of Payment: Non-Transferable L/C US $ LC **0% at sight FOB Basis. Usance LC are most preferred [optional] Delivery: First shipment ****0 days. 3. Commodity: Iron Ore Fines of Indian Origin Vizag Port Grade : *3.5% rejection *2.5% fines. Quantity : *0, **0 tons per month. Port : Vizag. Plot : Seller has his own plots at Vizag port, Bellekerey port, Krishnapatnaam port. Price : USD $ **3 CNF The stock is readily available on the port and the seller after getting the LC will get it loaded. Payment Terms: **0% ***** or *0% payment on stock transfer & *0 % on BL. PB : PBG : Seller will provide 2% PBG after buyer issues non-operative L/C. PBG will activate the L/***** If you are confirming any of the above offers please reply mail by giving the offer in the bold letters with offer number. Thanks! Mr. Chandra Prakash. Chairman & Managing Director M/s VCI (P) Ltd., Bangalore *********4 *****